Camden National reports 6 percent earnings increase for quarter

Camden National Corp. reported net income for the second quarter of 2017 of $10.2 million and diluted earnings per share of $0.66 per share, each representing an increase over the second quarter of 2016 of 6 percent.

For the first half of 2017, the company's reported net income of $20.3 million and diluted EPS of $1.30 per share represented an increase over the same period last year of 11 percent and 10 percent, respectively. For the first six months of 2017, the company's return on average assets was 1.04 percent, return on average tangible equity was 14.16 percent and efficiency ratio was 57.36 percent.

For more information, contact Michael R. Archer, senior vice president, corporate controller, at 800- 860-8821, or marcher@camdennational.com